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Two reports reveal depth of financial distress from pandemic


Two reports reveal depth of financial distress from pandemic
Financial stress taking its toll due to COVID-19 pandemic, reports say
FOX 26 Consumer Reporter Heather Sullivan has some smart sense as to what some families are experiencing due to the pandemic.
HOUSTON - Two new reports reveal the financial devastation many individuals and families face from the pandemic, and could face well into the future.
Millions of Americans who used to be middle class have slipped into lower income brackets during the pandemic, according to a new report from credit counseling agency, Money Management International.
What we also see is they have debt levels, and rent payments and mortgage payments that you would associate with people who are solidly middle class, explained Michelle Sloan Jones, Chief External Affairs Officer for Money Management International.   ....

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A Third of #COVID19 Fraud Victims Go Hungry - Infosecurity Magazine


A Third of #COVID19 Fraud Victims Go Hungry
Phil Muncaster UK / EMEA News Reporter , Infosecurity Magazine
Most US victims of pandemic-related identity fraud in 2020 still have not had their issues resolved, and a third (33%) claim they didn’t have enough money to buy food or pay for utilities last year as a result, according to a new report.
2021 Consumer Aftermath Report on interviews with 427 identity crime victims who contacted the non-profit before and during the crisis.
The FTC claimed that it received twice as many identity theft reports last year versus 2019, with those related to unemployment benefits hitting over 390,000 versus just 13,000 in 2019. ....

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